well. i'm. just glad. that i. think. i would rather as questions to people in positions of power instead of speaking on their behalf and that's why you can find my show larry king now right here on our t.v. question more. on

the bad guys on the on the with their press on horoscope or let's get back to it first of all horace you wanted to give me the title of a book yes it's the spirit of democratic capitalism by michael novak a great book about it from the catholics perspective about how capitalism want to work i'll check it out thank you ok earlier today president obama gave a speech right here in washington d.c. over at center for american progress talking about income inequality and economic conditions here's a quote. so the basic bargain at the heart of our economy as freight in fact this trend towards growing inequality is not unique to america's market economy across the developed world that inequality has increased some some you may have seen just last week the pope himself spoke. about this at eloquent length how going to be he wrote that it's not a news item when an elderly homeless person does but suppose you are but it is news when the stock market loses two points so what do you think. why why should it be

news when the stock market drops two points but the fact that you know forty forty thousand people in the united states every year die from lack of health health care for example adam smith a brilliant economist and minister whose book theory of moral sentiments should be read long before explains in the book the senate moral sentiments ups or another matter what the basis in this book that he wrote on the right or the theory of bill explains that when an earthquake kills ten thousand people in china we don't feel it and we're not as impacted the way we are when one of our neighbors has a break a leg or falls it's just every ality of how humans work that's no indictment on any particular economic system but the truth of the matter is we absolutely do not need a government that is concerned if it's purpose in saying that the difference between

the high in the low is more important than dealing with the problems that create that therefore it's between the i and the low creates it does not listen let's let's try to get chris in here more towards you and i tend to go off on these things but but this i mean i think this larger question and maybe this goes back to our earlier conversation about christianity which is is we have thousands tens of thousands of people in the united states who don't have access to health care who die die as a consequence of it we could argue the numbers but there are some of them there are we have thank you barbara the op that problem we have. we have poverty the united states like we haven't had seen in decades i mean it's you know we have a really serious poverty problem these issues don't make the news regularly and my personal take on this reason reason for this is that these people are not politically powerful but actually i think what it comes down to is the first of all

i mean there's a lot of reasons for it but number one is that the media puts on. what they think are the important stories and what they think impacts the most people who are people are not going to buy the advertised products and so it's not what i talk about on people well no it's not about the product it's out the stock market and and i mean if i'm a programmer a commercial television network and. i want to make the most i'm not going to know what i'm really i'm not going to be putting you know we're going to put on a lot of what people want to hear the other thing is as i said before liberals believe that life on earth is perfect all that we can all actually believe that all that government can help make us a more perfect society and that perfect union was actually abraham lincoln's not a more perfect union a perfect that man is are affected by here on earth i don't know any liberal and equalizing encumber is why it is way that you think that somehow that is better

society hit everyone is more equal and you don't exist either would be better if everybody paid was more equal of course you do that's what you're talking about i think society would be better if we had somewhat more people. but not i think but i mean but i'm not and i'm not calling for a karl marx look at it so you have to call you know you know that is that is that in the first two years of the reagan administration when the top tax rate was seventy four percent was a terrible time less inequality in the united states we had a longer middle class in the united states and ever since the reagan tax cuts we've seen an explosion in inequality illegal us has been gutted and we all back the reagan tax be behind a period from one thousand seventy two to one thousand nine hundred one was terrible for the american as a consequence arab oil embargo i was terrible and you know not that was you know you want to do both you know where we signed there wasn't a critical in the price of oil which affected everything that had been the case then we could have actually leashed our domestic opportunities here we chose. not

to we chose to respond inappropriate but that you have to point the point is the danger isn't the stopping point the danger isn't the inequality the danger is the idea that the inequality ought to be the focus if there are poor people sick people or people who are being hungry we all go look at what are the solutions to deal with that what the differential is between them and some seem rather than using the state to maintain this dangerous to maintain the wealth of bill gates by extending copyright laws for example or using the state to extend the wealth of the koch brothers by by. then you can see that you so you these panadol that they stay is to extract i think what has been his labor and give it to somebody else others interview road and state is to extract people's labor and give it either people think what republicans or conservatives have been promoting in this country for years for three decades roughly businesses since the reagan revolution has been

basically what we saw of mitt romney people making tens of millions of dollars a year pay nothing in taxes year after year after year whereas people who are working their butts off are paying most of the load and people and a lot of people are that you are different return visits and that most of the benefits and you guys have guys are ready to lots and lots are going to if we're going to beat up on mitt romney like not having to pay taxes while they want to have been playing back then we will pay no taxes no not that they will have a bit of it that's not true it's the he is he has to buy his own fire supply is no i his own security he has to buy all of the things that the he had even if it is the prayer for it system that we are paying for his benefiting from a public education system that we are paid for from oh you know all that nonsense and he doesn't have to pay that did it is acting that taxes grow his thirty five cent that he paid in that one year in the y. years before that he paid nothing that is a lie that is everlasting now the law and everybody you know refuted it because he

didn't use it he was very smart ways and old tom hartman please. i know he never refuted it and you haven't reviewed it yet. wow terrible i mean the truth is he has to pay taxes on the real estate properties that he owns in the owners quite a few the truth is he employs a number of people and he has to pay taxes on all the people that he employs the truth is he isn't capital gains but he has to pay a. lot now never been laid back at all these guys are being the sister about his income taxes but forty seven percent of americans pay no income taxes now you re going to say he has ales tax and everything else add on no i'm saying but i'd say it was forty percent what the seven percent not the highest i'm a green and that's because of thirty two years of reaganomics have thrown the word have thrown the american middle class into the working poor now you're saying that sometimes they say but that would shock me as a guy who wants to talk about romney well i've romney was an example he's met he's

met it's all these other guys you know quarter to three quarters of the most profitable corporations in america pay no taxes most of most wealthy people in america people who are have an entitled over a million dollars a year are paying very wonder if you're going to figure out how to get more people up to that category and try to write down how to not the people down to the plate place where they are having to pay all these things i would like to see a relative i don't i don't i know you don't i know you want to be millionaires and you are the poor people and i think you know that we have got a we have too many billionaires we have too many poor people we don't have enough middle class i think america was much better we had a lot of folk and when you work done anything about it well washington d.c. washington d.c. just passed a minimum wage of eleven dollars and fifty cents an hour it's going to start twenty sixteen so it's a couple years down the road it will be tied to inflation right now the minimum wage in the city stands in a twenty five an hour and they're going to say that they that. you have to have a sick leave policy that covers tipped workers so finally we can go to a restaurant and know that the guy working back in the kitchen didn't show up today

for work even though he was sick because he. i would have lost all of his pay and he didn't sneeze all over our food i see this is a good thing what's wrong with us i see you as a person who would like to get the benefits of sleeping well at night knowing you've done good and not want to do any personal sacrifice you want the people to be allies in this to me horace ok i said about progress it's generally i see you progressives as people who want to go to night and sleep well and not have to worry about doing even of the things and you know and you don't want to sleep well i want to try and i know ration around where i know that if i don't go work at the shelter i'm not going to sleep well i don't know if i don't do something to make sure that i'm making a difference in the lives of real people but i won't sleep well and that's part of the christian message it's on me as a person it's not. that you are you're trying to use the teachings of jesus to justify there not being a minimum wage i guess are all that i don't know what matter is what you don't want

to admit and you will be shocked shocked shocked when it happens is that after d.c. implements this they will find that a lot of the entry level positions are eliminated of course and that and that once again and do you know what you know who is going to be hurt that they will that how it would happen and watch teen agers african-americans we had like that what is it a twenty five percent unemployment rate for african-americans for african-american teenagers it's probably close to seventy five so i sat with that what i asked every time in washington state you have more a more majority population almost all white population and the economic impacts of these choices are a little bit different people going to economics and while this is this is not a good honest seeing white and washington d.c. and what we're going to see is that more black people are heading to prison more of these young black people is no one not. going to happen even know they go to the states in the states that have raised their minimum wages above the federal minimum

wage that what has happened is that because people who spend one hundred percent of their income would. it is all minimum wage employees the economy has been stimulated and those people have done better in fact if you know that so they can vary by when or where is donation place this is the every time is a reason to me is in print this is the only jurisdiction with the largest percentage of blacks in the country and there are some unique cultural features that are going to cause this minimum wage to be particularly destructive now the nice thing about having no evidence for what you see that we're going to see you have now didn't see it absolutely i mean and by the way have you been in your series that we may be the only state but there are cities that have that have large african-american the largest minority of the despair have colonialist their minimum wage not a part of the federal minimum wage and have not seen the kind of disasters you're describing what. is on the margin this is simply not true on the margin we have seen a increase over the last thirty years the band as you call it inequality ban

on on black unemployment has been increasing not decreasing that's a fact and where it happens is the way we are and so years we've been experimenting with it's a disaster and where this population is highly concentrated this is going to be even more difficult economic as one of the worst going to lead to or more white women and men who are young getting great opportunities in washington d.c. at the expense of unskilled untrained blotz let's hope you're wrong oras cooper crystal thank you for being with us. coming up it's no secret that the motor city has seen better days but what's the real reason for its decline and why isn't the media talking about it i'll tell you and i think it's a. live

. live live. live. live live. in effect that means you can jump in anytime you want to. live.

a problem it was a problem very hard to make a plan to get a long year playing along with that sack with. no legs. well i'm . a little i'm a little. well i'm

a. bit of a. good news we got to detroit michigan or governor rick snyder and his little dictator kevin or will be sleeping happily tonight that's because a federal court has ok detroit's bankruptcy plan and in all likelihood sent the city down the path toward more economic misery thanks to the course decision the hard earned benefit packages of detroit's twenty thousand retired public sector workers police firefighters like that are now on the chopping block retirees will have to compete with wealthy bankers and investors over what remains of detroit's finances and let's face it in today's america that's typically the major uphill battle deep cuts to pension cuts are now pretty much inevitable joining us for more

on this probably trite about today's ruling as well as what it means for the future of the motor city is the pastor d. alexander bullock founder and national spokesperson for the change agent consortium . change. or past of all. should see actions that action see thank you thank you so much so what's the mood like in detroit to this or is a somber mood you know we've been watching this now for many months retirees feel like they have sold out the working class folks. obviously people like myself who fighting for main street feel like you know wall street got bailed out main street got sold out this is just another example of the system really really attacking the most vulnerable among us now michigan's constitution guarantees public pensions so how is it ok for

a federal court to say we're going to come. you know just even wrote said of course federal the federal court system trumps this state. constitution and we knew they were going kevin or preemptively at that my power. to move us to this point that he was moving the issue out of the state of michigan into the federal bankruptcy court system as an attempt to sidestep the strong protection for pensions in the misused a constitution really really is just very disheartening that just even rose allow for campaign overs chess move to work and now pensions as well as the portraits speaking of the holdings of the paintings the da on the chopping block and again this is this is really just devastating news for folks to have been fighting for a level playing field in the state of michigan this is kevin or a picture that we were just seeing kurt on the screen just to verify. what message

do you think the sense of the city is struggling a financial problem. the messages that is number one that if you want to balance your budget balance your budget on the backs of the most vulnerable about your budget on the backs of of that hard working middle class that made america great forget the promises that we may get the time the investment that folks have have engaged in and balanced budgets on the backs of attack every few things and this is the jest is that the question about revenue for cities becomes a secondary question in everything becomes about long term debt and austerity measures as opposed to talking about prosperity now jobs now increased revenue now in building up cash flow now that city of detroit has a cash flow problem maybe a tax collection problem but this long term debt conversation really really changed

in terms of the debate and i think it i think we're trending in the wrong direction and i was speaking to trends would be reasonable or or fair to say that. thirty's until the eighty's roughly the reagan revolution that we were in a birth to a cycle america's cities were growing america's middle class was growing and that basically during this era of reaganomics and particularly over the last decade or so that we've got in the other direction our cities are being stripped of their wealth our middle class has been stripped of its wealth are working people are becoming the working poor are poor people are becoming the incredibly poor and that there doesn't seem to be an end in sight for this i think you're right unfortunately i believe that we are trending in a very bad direction trade policy sending manufacturing overseas the middle class shrinking too few have too much no room for the rich no floor for the poor and many americans have fallen through the cracks in there seems to be no indeed. and now

the flip side of this i guess the good news is that people like bernie sanders and elizabeth warren are being taken very very seriously in the national level is there anything like that in detroit are you sensing any kind of. pushback is or not just detroit in michigan in my home state of michigan starting to wake up you know i think you can start to wake up of course twenty four twenty there is an election governor rick snyder is running for reelection and so i know people are already organizing to make sure that he does not get reelected there are folks like moratorium now the national action network are changing consorting and many other groups that are doing education doing teaching we're going to hold the banks accountable we're going to make sure that this kevin or character gets out of town soon this restructuring plan for the city beach where he doesn't disenfranchise anybody else and so you know we're not turning around and we're not going away we're continuing to move forward i think twenty fourteen will see

a whole lot of activity there will be anti-government snyder reelection next year from your lips to god's ears pastor d.l. xander bullock it is always great to have you on the program. action ca org thanks so much for being with us thank you both. crazy alert subway warrior right now in singapore is busy subway system can be a chaotic experience to so many people packed into its trains personal space is often left at the turnstile passengers expect to be bumped pushed or even broke all in the same ride that is until now no designer and singapore natives main chang has just invented the vice that might just might make taking public transportation a little easier in the small asian city state it's called the cycleway best it's

essentially a modern day version of a knight's armor made from plastic the best is outfit with long pointy spikes all the spikes aren't really all that dangerous the best designers says that just scary enough to ward away unwanted subway attention and to top it all off the entire device is made to materials you could find easily your local hardware store just like the way best was originally created just as a joke it's become so popular online it's designers thinking of mass producing it i think is to say it's safe to say that she had a really sharp idea. but i you probably heard the news michigan governor rick snyder is no free to rob detroit workers of their hard earned pensions on tuesday morning judge steven rhodes ruled that because federal law trumps state law michigan's constitutional protections for public employee pensions don't apply in federal court it's pretty

much official now detroit is going bankrupt the death of a great american city is one of the biggest if not the biggest news stories of the week. but the mainstream media has yet to tell the real story behind the motor city's decline i used to live there i know the city bankruptcy law is a complicated topic so the one thing of major networks avoided all the nitty gritty details of the past few months legal battles but they haven't in fact that's all the mainstream media has focused on they've made it seem like detroit's troubles magically fell out of the sky back in july when the city's emergency manager kevyn orr first filed bankruptcy papers and while those legal battles are interesting in their own right they're really only part of a much larger story the destruction of detroit by america's banks billionaire class the media isn't telling that story and it's a story that needs to be told and to be heard at one point in time detroit was ground zero for the american dream the motor city really was the motor city was the fifth biggest metropolitan area in the country and its economy was booming as

a result of the success of the big three automakers for general motors and chrysler car industries unionized workforce to call good middle class salaries in turn bolstering the city's tax revenues but over the past thirty plus years he tried has been hit hard by the three headed monster of the new american fire academy free trade union busting and banks to run ponzi schemes from the washington administration to the reagan revolution of the one nine hundred eighty s. our trade system around the world was based on a system of protectionist tariffs and encourage doing business in america and discouraged moving american jobs overseas toward the end of the twentieth century both republican and democratic lawmakers began to embrace a new form of free market express extremism what they called free trade free trade opened up the economy to foreign competition and outsourced jobs once done by american workers workers overseas detroit was hit especially hard as foreign car

companies like toyota took advantage of lax trade policies to sell their products to american consumers this decimated. detroit's industrial core motor city's manufacturing workforce to two hundred thousand and nine hundred fifty today it's twenty thousand but any possibility that those foreign companies would help provide new jobs to detroit's now unemployed auto workers who stopped dead in its tracks by right to work for less states in the south using their anti worker laws to attract foreign manufacturers like volkswagen and toyota and with the jobs gone and poverty rampant detroit like so many other de industrializing cities across america then became the target for banks toure's looking to make a quick buck with rip off mortgage schemes as a result the financial crisis hit them or the motor city especially hard but to make matters worse after evicting thousands of detroiters from their homes the big banks didn't bother going through the normal foreclosure process instead they left

the houses abandoned in an attempt to avoid paying taxes on them their scheme worked detroit's army of abandoned houses costs the city millions every year in unpaid taxes the motor city once ground zero for the american dream is now ground zero for the worst policies of the post reagan economy its industrial heart has been shredded in the name of free trade its workforce has been decimated by glorified union busting schemes and in the final insult to add that final insult to injury its impoverished population has been ripped off by predator banks toure's course you can expect the media focus on those things right i mean with so much money to be made through a bankruptcy it's far easier to focus on the short term and blame the retiring those former workers were the only ones who kept their part of the bargain by trading lower pay and longer working hours for

a pension it's now being stolen from them by michigan's republican governor. if we really want to save the rest of our country from devastation take a good hard look at the lessons of detroit because if we continue on the path we've been on for the past thirty years introduced decline will be just a sad story it will be america's. and that's the way it is tonight wednesday december fourth two thousand and thirteen last night i concluded the first leg of my book tour at politics and prose here in washington d.c. just want to thank everyone for stopping by and a lot to me and i had a great time and thank you to paul sanderson that has shut publishing and my dear friend ellen ratner percent and everything up thanks to politics and prose folks for hosting the event and thanks to their wonderful staff and don't forget them obviously begins with you get out there get active tag.

wealthy british style sign. that's not on the. market why not. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune in to kaiser report. for the new poster on the arm in a washington d.c. polish face and i think you're right peter.

a pleasure to have you with us here on t.v. today i roll research from. science technology innovation all the latest developments from around russia we've

gone to the future or covered. today from supernatural to stab in the hearts me me columns i think cult is probably a fair term to apply to the supernatural fandom i think that anybody in the position of being adored by people whom they don't know has to be a little bit strange yeah you have to find that strange is it true that masses of angry new nasa did post an official tweet asking us to stop father as the astronauts on the international space station i don't know why they made such a big deal out of it i mean what are they doing up there that's so important plus threesomes i have you and her and other other individuals it's all next on larry king now.